GMAC Financial Services has hired Rajinder (Raj) Singh to the newly created role of chief credit risk officer.

In his new role, Singh will focus on global credit risk management across the business, including credit quality of approximately $243 billion in assets, setting policies for the organization, and overseeing credit activities and portfolio performance for all of GMAC's business units.

He will report to GMAC Chief Risk Officer Sam Ramsey.

Brian Gunn has also joined GMAC in the global automotive finance business as risk officer for consumer credit and will jointly report to Singh and GMAC President Bill Muir.

In his new role, Gunn will further enhance the risk management capabilities in the global automotive finance business by managing the consumer credit asset portfolio.

Singh joins GMAC from Genpact, where he headed global analytics services. There, he oversaw the development and delivery of the firm's analytic and decision management solution. He also spent four years at GE where he was the chief risk officer for GE Money Americas, head of risk management and decision sciences, and an officer of GE Capital.

Singh was also head of risk management at U.S. Bancorp and gained international experience through assignments in Germany and India during his career. He was one of the founding board members of the Small Business Financial Exchange and served on the board of Banco de America Central (BAC) International Bank and on the client advisory board of Fair Isaac.

Gunn joins GMAC from GE Money Canada where he recently served as chief risk officer.

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